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Consortium, Filing Agencies Form XBRL Quality Initiative

Tammy Whitehouse | June 29, 2015

If the Securities and Exchange Commission is dragging its heels on enforcing the quality of data gathered through XBRL, then the market will do what it can to enhance quality on its own.

pryde-campbell-updatedThat’s the driver behind the new XBRL US Center for Data Quality, formed by the XBRL US consortium and five major filing agents to try to improve the usefulness of XBRL financial data by improving the quality of information entered into the interactive data system. “This is an effort by the industry to say this data is not only useful for regulators, but also to the members who want to use it,” says Campbell Pryde...

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